Group Up (Taiwan) Market Value
| 6664 Stock | 250.50 3.50 1.38% |
| Symbol | Group |
Group Up 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Group Up's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Group Up.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Group Up on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Group Up Industrial or generate 0.0% return on investment in Group Up over 30 days. Group Up is related to or competes with Ruentex Development, WiseChip Semiconductor, Novatek Microelectronics, Leader Electronics, Advanced Ceramic, Information Technology, and Kinko Optical. More
Group Up Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Group Up's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Group Up Industrial upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 19.38 | |||
| Value At Risk | (3.53) | |||
| Potential Upside | 4.21 |
Group Up Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Group Up's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Group Up's standard deviation. In reality, there are many statistical measures that can use Group Up historical prices to predict the future Group Up's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | (0.20) |
Group Up Industrial Backtested Returns
Group Up Industrial holds Efficiency (Sharpe) Ratio of -0.0806, which attests that the entity had a -0.0806% return per unit of risk over the last 3 months. Group Up Industrial exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Group Up's Standard Deviation of 2.83, risk adjusted performance of (0.02), and Market Risk Adjusted Performance of (0.19) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.6, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Group Up's returns are expected to increase less than the market. However, during the bear market, the loss of holding Group Up is expected to be smaller as well. At this point, Group Up Industrial has a negative expected return of -0.22%. Please make sure to check out Group Up's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Group Up Industrial performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.29 |
Poor predictability
Group Up Industrial has poor predictability. Overlapping area represents the amount of predictability between Group Up time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Group Up Industrial price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Group Up price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 41.64 |
Group Up Industrial lagged returns against current returns
Autocorrelation, which is Group Up stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Group Up's stock expected returns. We can calculate the autocorrelation of Group Up returns to help us make a trade decision. For example, suppose you find that Group Up has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Group Up regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Group Up stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Group Up stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Group Up stock over time.
Current vs Lagged Prices |
| Timeline |
Group Up Lagged Returns
When evaluating Group Up's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Group Up stock have on its future price. Group Up autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Group Up autocorrelation shows the relationship between Group Up stock current value and its past values and can show if there is a momentum factor associated with investing in Group Up Industrial.
Regressed Prices |
| Timeline |
Pair Trading with Group Up
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Group Up position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Group Up will appreciate offsetting losses from the drop in the long position's value.Moving against Group Stock
| 0.72 | 6613 | Nova Technology | PairCorr |
| 0.55 | 6438 | Symtek Automation Asia | PairCorr |
| 0.48 | 4506 | Golden Friends | PairCorr |
| 0.42 | 2421 | Sunonwealth Electric | PairCorr |
| 0.42 | 0050 | YuantaP shares Taiwan | PairCorr |
The ability to find closely correlated positions to Group Up could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Group Up when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Group Up - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Group Up Industrial to buy it.
The correlation of Group Up is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Group Up moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Group Up Industrial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Group Up can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Group Stock Analysis
When running Group Up's price analysis, check to measure Group Up's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Group Up is operating at the current time. Most of Group Up's value examination focuses on studying past and present price action to predict the probability of Group Up's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Group Up's price. Additionally, you may evaluate how the addition of Group Up to your portfolios can decrease your overall portfolio volatility.